“National Development and Reform Commission (NDRC) is to allow the increases in the corporate bond, exercise measures to mitigate the risk and improve the bond-issuing system” a representative of the NDRC spoke at the “Seminar on the Industry Development of China in 2009” on November 2. The increases will be in quantity and variety, he said. By the end of October, total approved corporate bond has exceeded 180 trillion compared with 171 trillion in 2007. The ratio of direct equity financing versus the indirect was 1:4.
Source: Xinhua, November 3,2008